Talks Stall Between Supervalu and Cerberus
Supervalu shares slumped more than 18 percent on Thursday after a report that Cerberus Capital Management was having difficulty obtaining financing to buy out the troubled grocery chain, Reuters wrote. Bloomberg reported that potential lenders were concerned about Supervalu's ability to manage its debt load. Reuters reported last month that buyout firm Cerberus was preparing a takeover bid for Supervalu, the third-largest U.S. supermarket chain.
30 November 2012•1 min read
